U.S. stocks drift higher as tech earnings, Fed rate decision loom

U.S. stocks ended higher on Tuesday, with the Dow recording the 12th day of gains, while investors are digesting big tech company earnings after the bell and waiting the Federal Reserve's interest rate decision on Wednesday. 


 
Stock Exchange Regulators Back Global Climate Reporting Rules

Association representing over 95% of market capitalization endorses international rules that include Scope 3 emissions reporting. 


 
Big Bankruptcies Rise at Faster Pace This Year

Chapter 11 filings of businesses with at least $100 million in debt or assets, or of national prominence, totaled at least 82 through June, up from 29 last year, analysis shows. 


 
Peak Shipping Season Is Fizzling Out for Freight Companies

Forwarding heavyweight Kuehne + Nagel is trimming costs, with "no peak season to be expected in 2023," its CEO said. 


 
Singapore's GIC Says Investment Climate to Remain Challenging

The sovereign-wealth fund said generative AI and extended periods of high interest rates will be new disrupters. 


 
Real-Estate Investors Flee the U.S. for a Land of Fuller Offices

International investors feel bullish on Japan's economy, with the stock market trading near a 33-year high, as a weak yen sweetens the pot. 


 
Consumer confidence climbs to 2-year high as worry over inflation and recession ease

A survey of U.S. consumer confidence climbed to a two-year high of 117.0 in July, a sign that Americans are growing more optimistic about the economy. 


 
Home Prices Fell Year-Over-Year in May

Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. 


 
IMF sees signs global economy is headed in the right direction

The global economy is headed in the right direction but it is too soon for central banks to think about easing interest-rate policy, the IMF said Tuesday. 


 
Eurozone bank loan demand hit 20-year low as rate rises bite

Eurozone banks saw record low demand for loans from their business clients in the second quarter, according to a report released by the ECB on Tuesday.


(END) Dow Jones Newswires

07-25-23 2115ET